370 Frederick St, Unit 376 San Francisco, CA 94117-8445

Property Details for 370 Frederick St

Year built

1906

Construction

WOOD

Lot size

0.06 lot acres

Property size

5,075 SF

Zone code

RH3

Property type

Apartment buildings

APN

1252 -025

APU

1252025

Description

This exceptional 5-unit apartment building, located at 370 Frederick Street in San Francisco's desirable Cole Valley neighborhood, presents a compelling investment opportunity. The property, built in 1906, offers 5,075 square feet across three stories and features a mix of unit sizes: one studio, two one-bedroom units, one three-bedroom/one-bathroom unit, and one four-bedroom/two-bathroom unit. All units will be delivered vacant, providing flexibility for the new owner. Each unit is separately metered for gas and electricity, equipped with gas and electric wall heaters, and benefits from an on-site coin-operated washer and dryer. The building boasts original architectural charm, characteristic of classic San Francisco apartments, and is well-maintained. The property sits on the north side of Frederick Street, between Carl and Clayton Streets, offering unparalleled convenience. It's steps from Whole Foods, UCSF, Kezar Stadium, and the vibrant restaurants, shops, and cafes of Cole Valley and the Haight District. Excellent public transportation, including numerous bus lines, tech shuttles, and the Carl & Cole NJudah Muni line, is within a one-block radius. With a pro-forma NOI of $155,118.95 and a pro-forma cap rate of 6.20%, this property offers a strong return on investment in a highly sought-after location. The asking price is $2,500,000, or $500,000 per unit, and the price per square foot is $493. This is a rare opportunity to acquire a stable income-generating asset with significant upside potential in one of San Francisco's most coveted neighborhoods. The building is a three-story wood-framed structure with a partial concrete and brick foundation, as per tax records.